Lake Zurich, IL has a housing median value of $382,900, which is higher than the US house median value of $338,100. This indicates that housing in Lake Zurich is more expensive compared to the national average. In addition, over the past year, there has been an 8.83% appreciation in house values in Lake Zurich - which is slightly higher than the 8.27% appreciation rate nationally. This suggests that homes in Lake Zurich are seeing a greater increase in value than houses across the US as a whole.
The median home cost in Lake Zurich is $382,900. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Lake Zurich is up 14.5%.
Average Age of Homes
- The median age of Lake Zurich real estate is 34 years old
The Rental Market in Lake Zurich
- Renters make up 10.8% of the Lake Zurich population
- 0.8% of houses and apartments in Lake Zurich, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.